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Friday, June 3, 2016

Downtown Spokane's Chronicle Building to be largely converted into apartments

Once home to Spokane's now defunct evening newspaper, the Spokane Chronicle, the Chronicle Building stands with a significant history at the northeast corner of Sprague & Monroe ( 926 W. Sprague ) . But with the newspaper out of print for several years, a large accounting firm who moved to a neighboring building and the Spokesman Review consolidating their offices out of the Chronicle Building, the building is now largely empty. But all that is about to change with a yesterday's huge announcement, that also means more residential units for the city center.

The Chronicle Building, which is owned by Centennial Properties a division of Cowles Company, has announced plans to convert most of the upper floors of the building into apartments. Construction work on the apartment floors will start within the next couple of weeks with hopes of tenants being able to move into the apartments in February 2017.

The building will house 32 apartments , both 1 bedroom and 2 bedroom units available with a rental rate that has not yet been set. The apartments will be on all floors except the first and second floors, improvements have also been made to the lower floors in recent months with Nodland Cellars opening a new tasting room in a portion of the first floor and a new courtyard which is shared with the Tamarack Public House bar next door, apartment tenants will also get to use the new area and will have access to roof of the building which features sweeping views and historic gargoyles looking over the city below.

Two remaining office tenants are currently in the space that will become apartments. Those tenants are The Rypien Foundation and a law firm who will move to new office spaces elsewhere Downtown over the Summer.

The apartments in Chronicle Building will range from 668 - 1200 square feet in space, and the building owner is currently actively seeking a restaurant tenant for the remaining first floor space. Keep watching this site for more on the planned apartments including features and rental prices.